What is APA Corporation's altus midstream — impairments?

APA Corporation (APA) reported altus midstream — impairments of $0 in Q4 2023.

What does altus midstream — impairments mean?

A write-down in the value of assets due to a decline in their economic potential.

How do you interpret altus midstream — impairments?

High impairment charges signal poor past capital allocation or a significant deterioration in market conditions for the specific assets.

How does altus midstream — impairments compare across companies?

Common in the energy sector during commodity price downturns or shifts in regional production trends.

APA Corporation APA Altus Midstream — Impairments

Discontinued — last reported Q4 '23

Similar metrics at other companies

ARAntero Midstream — Impairment Of Long Lived Assets Held For Use

$1.38M-99.0%

ARAntero Midstream — Asset Impairment Charges

$6.98M—

ARAntero Midstream — Impairment Of Long Lived Assets To Be Disposed Of

$21.66M—

ARAntero Midstream — Impairment Of Oil And Gas Properties

$167K-49.7%

DINOMidstream — Asset impairments

$10M—

ARAntero Midstream — Impairment Of Gathering Systems And Facilities

$594K-93.0%

Other financials

Income statement

See full

Revenue-—

Net income$543.0M+29.9%

EPS (diluted)$1.26+31.3%

Balance sheet

See full

Cash & equivalents$293.0M+337%

Total debt$4.7B-16.9%

Total equity$6.5B+18.8%

Total assets$18.1B-2.4%

Cash flow

See full

Operating cash flow$554.0M-49.5%

Valuation

See full

Market cap$11.68B+95.9%

Enterprise value$16.08B+46.5%

P/E7.2×+1.7×

Returns & leverage

See full

Return on equity27.4%+0.3pp

Debt / equity0.7×-0.3×

Current ratio0.9×0.0×

Where this comes from

Reported directly by APA Corporation in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: APA Corporation’s 10-K, filed February 22, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is APA Corporation's altus midstream — impairments?: APA Corporation (APA) reported altus midstream — impairments of $0 in Q4 2023.
What does altus midstream — impairments mean?: A write-down in the value of assets due to a decline in their economic potential.
How do you interpret altus midstream — impairments?: High impairment charges signal poor past capital allocation or a significant deterioration in market conditions for the specific assets.
How does altus midstream — impairments compare across companies?: Common in the energy sector during commodity price downturns or shifts in regional production trends.